The Manufacturers Life Insurance Company Purchases Shares of 31,220 Warrior Met Coal $HCC

The Manufacturers Life Insurance Company purchased a new stake in Warrior Met Coal (NYSE:HCC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,220 shares of the company’s stock, valued at approximately $2,534,000.

A number of other institutional investors and hedge funds have also modified their holdings of HCC. Cibc World Market Inc. acquired a new stake in shares of Warrior Met Coal in the second quarter worth $813,000. Bank of Nova Scotia acquired a new position in Warrior Met Coal in the 2nd quarter valued at $1,409,000. Kendall Capital Management bought a new position in Warrior Met Coal in the 2nd quarter worth $311,000. Quantbot Technologies LP bought a new position in Warrior Met Coal in the 2nd quarter worth $31,000. Finally, Allworth Financial LP acquired a new position in Warrior Met Coal during the 2nd quarter worth $39,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Stock Up 2.4%

NYSE HCC opened at $108.74 on Thursday. Warrior Met Coal has a twelve month low of $54.66 and a twelve month high of $111.42. The stock has a market cap of $5.74 billion, a PE ratio of 26.14 and a beta of 0.67. The firm has a 50-day simple moving average of $88.99 and a 200 day simple moving average of $89.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.25. The firm had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The company’s quarterly revenue was up 71.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. On average, research analysts forecast that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a dividend of $0.08 per share. The ex-dividend date was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Warrior Met Coal’s payout ratio is currently 7.69%.

Insider Buying and Selling

In related news, Director Stephen D. Williams sold 4,800 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director directly owned 30,303 shares in the company, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HCC has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. UBS Group decreased their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.60.

Warrior Met Coal Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.